Starbucks has teamed with Closed Loop Partners in a challenge to inventors to develop a more sustainable coffee cup. The chain's customers account for about 1% of the 600 billion paper and plastic cups used annually around the world, and the $10 million NextGen Cup Challenge will seek a fully compostable cup over the next three years.
Nordstrom has ended buyout talks with members of the Nordstrom family after failing to come to terms on a price, a committee of the department store's board of directors said. Last month the board rejected an offer of $50 per share or about $8 billion from the group, which is backed by Leonard Green & Partners.
Nancy Green returned to Gap after a six-year absence when the fashion retailer acquired yoga and workout wear brand Athleta. Green, Athleta's CEO since 2013, shares insights on the need for retailers to adapt to change and the ways Athleta is using Gap's size to pursue its sustainability goals and build lasting customer loyalty.
Albertsons is launching an online marketplace for small and newly launched brands to help them garner the attention of the company's larger banners. The marketplace will be open to vendors that have the ability to pack and ship their own orders, and brands can use data from the marketplace to help push their products.
Shipt has announced a deal with Mercatus Technologies of Canada, a digital services provider for grocers. The partnership will help Shipt expand its footprint with a larger network of retailers, including Weis, Price Chopper and Tops.
Men are significantly less likely to switch to online shopping than women, either for browsing or to order, according to research from First Insight. Men are also less likely than women to be Amazon Prime subscribers, and 44% of men say being able to see and touch a product before purchasing it is part of their reasoning for shopping in-store instead of online, according to the research.
Several grocery chains in North America are employing produce butchers to perform prep tasks for shoppers as a way of personalizing the shopping experience, D. Gail Fleenor writes. "A produce butcher likely appeals most to millennials, who generally are most interested in unique offerings at grocers," said Caleb Bryant, senior analyst for Mintel.
Former Louis Vuitton menswear designer Kim Jones has been named chief of menswear for Christian Dior Couture, another brand owned by Paris-based luxury conglomerate LVMH. Jones, a British designer, succeeds Kris Van Assche who is stepping down after more than a decade.
Sephora launched its "First at Sephora" initiative in stores and online this month to expand the retailer's exclusive beauty offerings. The initiative's first group of six brands including Benefit, Urban Decay and Violet Voss will debut new products that will be exclusive to Sephora for 30 days.
The owner of an increasingly popular Apple store on the Chicago River waterfront has put the 20,000-square-foot store site up for sale, along with 10,000 square feet of office space, for $175 million. Walton Street Capital acquired the property and an adjacent 35-story business tower last year.
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